Quote:
Originally Posted by Hammock Parties
Here's what works for me.
1. If the stock is anywhere near the 52-week high, don't buy.
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This one is tougher these days, with the way the market is. I was wanting to get into TSLA forever, but kept telling myself not to buy at ATH repeatedly. Missed out on crazy gains. I eventually said "**** it", and have done well on it, but could have done way better.
I bought SQ at a 52w high in early 2020, and am up almost 300%. I bought PTON at ATH, and am up 100%.
Point is, in this insane market right now, a 52w high isn't necessarily a barrier to entry. Under normal market conditions, I'd agree with you, though.